Jakarta - PT Bakrie and Brothers Tbk (BNBR) is targeting to raise funds through additional capital without pre-emptive rights or private placement of Rp461.8 billion.

Based on BNBR's disclosure of information on Wednesday (12/28), the company uses the private placement proceeds for the company's debt restructuring.

In this corporate action, the company plans to issue 923.61 million Series D shares with an exercise price of Rp500 per share.

Meanwhile, the parties that took the private placement were FCT FFM Limited, DE Shaw Oculus International Inc, Abraham Capital Limited, Sinarmas Sekuritas, Amsterdam Trade Bank NV, ICE 1 EM Clo Ltd, JP Morgan Chase Retirement Plant, Ice Fokus EM Distressed Master Fund Designated Activity Company.

Then, ICE Global Credit (DCAM) Master Fund Designated Activity Company, ICE Global Credit Master Fund Designated Activity Company, Ice Orxy Alpha Master Fund Designated Activity Company, Pioneer Diversified